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Saturday, November 2, 2024
TopicBudget 2020

Topic: Budget 2020

FM Sitharaman budgets Rs 1.67 lakh crore of extra expenditure, mostly for Covid package

This expenditure includes Rs 40,000 crore towards enhanced expenditure under MNREGA. The first batch of Supplementary Demands for Grants includes 54 Grants and 1 Appropriations.

Budget 2020 is now useless. Modi govt must present a new one

Covid has ensured Modi govt won’t meet 20% growth in tax collection target. That would be a terrible assumption to make in a pandemic-hit economy.

Incentives and infrastructure — what govt can do to boost data centres in India

The Centre plans to make India a $1 trillion digital economy by 2025, which will attract countries wanting to set up data centres in India.

Relief for India’s overseas students, govt cuts 5% ‘tax at source’ Budget proposal to 0.5%

Among amendments to the Finance Bill moved by Nirmala Sitharaman, the govt has clarified that NRIs will only be taxed on income they earn in India.

I-T cases being arbitrated abroad will be eligible under proposed ‘Vivad se Vishwas’ scheme

The I-T department in advertisements in leading dailies said that appeals and writs filed on or before January 31 this year will be allowed to be taken up by it.

Facing a fiscal crisis for long, Modi govt now seems to be pushing states into a crisis too

Either Modi govt is expecting a revenue windfall that will be passed on to states, or states will be squeezed even further. My guess is it will be the latter.

How the LIC mega IPO can also help reform India’s larger financial sector

If done right, IPO can bring transparency & efficiency to LIC, ensure govt doesn’t force it to buy weak PSUs, and improve resource allocation in the economy.

Sanjaya Baru on altered India-US relations, Ruchir Sharma & Sandipan Deb go to the Oscars

Today’s political, economic & strategic punditry from Sanjaya Baru, Ashok Gulati, Ruchir Sharma, Tamal Bandopadhyay, Prabha Kotiswaran & many others.

Budget proposals unlikely to have inflationary impact, says RBI Governor

Das says that the government has tried to remain within the fiscal deficit roadmap set under the Fiscal Responsibility and Budget Management Act.

BMC’s ‘blatant oversight’ that has Raj Thackeray’s MNS riled up

Pre-Truth — snappy, witty and significant snippets from the world of politics and government.

On Camera

India gets unfairly bashed for unhygienic street food. Bangkok, New York are no different

Indian cuisine is rooted in fresh ingredients, rich spices with antimicrobial properties, and time-tested cooking methods. We are not a freeze-and-serve fast food nation.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.